Despite the deepening crisis in its property sector, China, the world’s second-largest economy, reported a stronger-than-expected economic growth of 5.3% in the January-March quarter. Amid ongoing challenges, China is expected to support the economy with prudent monetary and proactive fiscal policies.
Given the industry’s bright prospects, it could be wise to invest in fundamentally strong China stocks HUTCHMED (China) Limited (HCM), Autohome Inc. (ATHM), and Youdao, Inc. (DAO) with solid buy potential in May.
